Nicholas Dillon
I Would Like To Pay OFF 2 of my homes
15 November 2024 | 8 replies
He needs to account for property appreciation, but overall needs to reduce property exposure.
Eva K.
Real Estate Excise Tax (REET) when buying out my partner
8 November 2024 | 1 reply
I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).
Clint Miller
Fix-and-Flips During the Holiday Season: Opportunity or Challenge?
8 November 2024 | 4 replies
Experienced investors often see the holiday season as an opportunity due to reduced competition and motivated sellers willing to negotiate for faster closings.
Shawn C.
Best MTR software approach for owner-occupied house hack (no other properties)
13 November 2024 | 11 replies
There's language that covers all manner of possible issues, and it's 6 pages long, so I'm reviewing again since I'm looking to do MTR now.Considering I'd "only house-hack" right now for MTR, does anyone have advice about whether or not KeyCheck would be enough for all my house-hacking needs as an owner-occupied landlord, especially in terms of the leases offered and other necessary requirements (credit/background check, Docu-Sign, Online payment)?
Christina Haws
Purchasing a mobile home/RV Park with seller financing
13 November 2024 | 6 replies
We have worked on improving the physical appearance and infrastructure of the park, updating the homes, getting a new sign, advertising it online, and creating a website (www.shadyacreshuntington.com).
Anthony Zotto
Election results and impact on real estate investing
11 November 2024 | 8 replies
.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!
Matthew Posteraro
How do I get involved in Real Estate while I begin to save money for a down payment?
14 November 2024 | 10 replies
Maybe you can help the investors you meet with all the miscellaneous tasks involved with investing like picking up rent checks, turning over properties for new tenants, or even just driving by occasionally to make sure their properties are in good condition.I'd also recommend spending a lot of time looking at all the homes you're targeting in your area, both online and in person.
Raymond C West
LLCs Attorney or By Yourself
12 November 2024 | 5 replies
Are you doing this on your own, online?
Ray Hernandez
Becoming A Short Term Lender?
20 November 2024 | 37 replies
Also, access to online HMLs is compressing the total returns as the market gets more efficient.
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
16 November 2024 | 12 replies
Here are some numbers: Current PITI: $3,970Estimated rent: $4500-$5000 (there are several homes within 4 blocks of mine that owners have turned into rentals and I've been able to compare online pics to our home, so I am confident this is a good estimate)Sq ft: 1790Estimated sale price today: 1150000-1250000Mortgage balance: 612,000I would self manage.